EFTA02652628

From: Heather Gray < Sent: Friday, April 14, 2017 1:51 PM To: jeffrey E. Cc: Richard Kahn Subject: Re: If the Braque doesn't sell or the hammer price is $4.5 million or less= you get $4.5 million, so you pay no commission. If the hammer price is $5=million, for example, you get $4.875 ($4.5 guarantee plus 75% of the amoun= by which the hammer price exceeds the guarantee). If the hammer price is higher than the guarantee, you effe=tively pay a commission equal to 25% of the overage. On the Giacometti if you go with the enhance= hammer instead of the guarantee, you will receive the full amount of the =ammer price plus an extra 10% of the hammer price (up to proceeds of GBP 2= million, then an extra 7% once proceeds exceed 20). Christie's not only isn't charging you a commission, they are =aying you a portion of the buyer's premium that they collect from the buye= (of which they normally keep 100%). The downside, of course, is that if t=e Giacometti does not reach the reserve (the minimum price that you set which can't be more than the low e=timate►, it won't sell and you won't receive anything other than the sculp=ure back. Sent from my iPhone On Apr 14, 2017, at 6:14 AM, jeffrey E. <[email protected] <mailto:jeevacation@g=ail.com> wrote: leon thinks taking the 100 percent of hammer in london is =he right thing. I m unclet if we sell =he brazqu for the guarantee , do we pay commission? = or is 4.5 sale the same as 5 after comminsion and split? please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_01895965 EFTA02652628